Matthew Yglesias

@mattyglesias ↗

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Last Checked March 16, 2023

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Mon Mar 13 22:01:22 +0000 2023

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Matthew Yglesias @mattyglesias

You’re trying to tell me a $1,000 bond can just “become” a $850 bond because the interest rates on some other bonds got higher? No — there are only two bond values, par and defaulted. I don’t care whether you identify the value as $850 subjectively, it is what it says. — PolitiTweet.org

Posted March 13, 2023

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Matthew Yglesias @mattyglesias

To sell the new backstop to conservatives, Yellen and Powell just need to explain that the Fed accepting bonds as collateral at face value is a RETVRN TO TRADITION relative to newfangled “woke” mark-to-market accounting. — PolitiTweet.org

Posted March 13, 2023

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Matthew Yglesias @mattyglesias

1993-vintage Michael Connelly, like my grandfather in his books, used “Latin” as the gender neutral English language term for a person of Latin American ancestry — I think we should bring this back. https://t.co/dzMQFeoI1W — PolitiTweet.org

Posted March 13, 2023